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Computer Task Group, Incorporated
Type
Public
Traded as NASDAQ: CTG
Industry
  • Computer software
  • IT consulting
  • IT staffing
Founded 1966
Headquarters Buffalo, New York, United States
Key people
  • Arthur W. Crumlish (CEO)
  • Brendan M. Harrington (CFO)
Revenue Decrease US$ 369.5 million (2015)
Operating income
Decrease US$ 10.6 million (2015)
Profit Decrease US$ 6.5 million (2015)
Total assets Decrease US$ 163.1 million (2015)
Total equity Increase US$ 117.7 million (2015)
Number of employees
3,600 (2015)
Website ctg.com

Computer Task Group, Incorporated (commonly referred to as CTG) is an American multinational company headquartered in Buffalo, New York, that provides information technology staffing and solutions.

CTG was founded in 1966 by Randolph A. Marks and G. David Baer, two former employees of IBM, in Buffalo, New York. It was then called Marks-Baer Inc. (MBI). MBI's initial market was the medical industry, since both founders had experience in that area. By 1968, staff had grown to 20 and Marks-Baer Inc. changed its name to Computer Task Group Inc. (CTG). The company went public in 1969.

In 1975, CTG decided to become a national company. CTG accelerated growth through acquisitions beginning in 1980 and within 5 years, acquired 15 companies. In 1986, the company made its first international acquisition, Shubrook International, Ltd., a software consulting firm based in Chertsey, England.

In 2013, CTG's acquired etrinity N.V., a healthcare IT solutions company in Belgium.

CTG develops IT solutions to address the business needs of companies in several industries including healthcare and technology services, and provides managed services IT staffing for technology companies and large corporations. The company concentrates on the financial services, telecommunications, government, industry, life sciences, and healthcare sectors. The scope of offered services includes development and integration, application management, information security, system and process assessment, and IT consulting.

CTG Belgium created a software testing methodology called FASTBoX (Framework for Automated Software Testing Based On eXperience).

CTG operates in North America (US and Canada) and Western Europe (Belgium, Luxembourg and United Kingdom). It counts about 350 clients; its largest clients are IBM and SDI International. As of December 2015, the company employs approximately 3,600 people worldwide, with 2,700 in the United States and Canada and 700 in Europe.

In 2015, the company operated 13 subsidiaries:

News

Computer Task Group, Incorporated 1.64% (technology)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2019 2019-10-22 0.10 0.00
Q2 2019 2019-07-23 0.09 0.07
Q1 2019 2019-04-18 0.06 0.05
Q4 2018 2019-02-19 0.03 -0.39
Q3 2018 2018-10-18 0.06 0.08
Q2 2018 2018-07-19 0.08 0.07
Q1 2018 2018-04-19 0.06 0.03
Q4 2017 2018-02-20 0.06 -0.03
Q3 2017 2017-10-24 0.05 0.00
Q2 2017 2017-07-25 0.06 0.03

Ratings

2016-05-02 Reiterated Rating B. Riley Buy $5.75
2016-04-27 Reiterated Rating B. Riley Buy $5.75
2016-02-27 Reiterated Rating B. Riley Buy $5.75
2016-02-22 Reiterated Rating B. Riley Buy $8.50
2015-11-11 Reiterated Rating Barrington Research Market Perform
2015-11-01 Reiterated Rating B. Riley Buy $8.50
2015-10-27 Reiterated Rating B. Riley Buy $8.50
2015-10-22 Reiterated Rating B. Riley Buy $8.50
2015-08-03 Reiterated Rating B. Riley Buy $8.50
2015-07-29 Reiterated Rating B. Riley Buy $8.50
2015-06-17 Reiterated Rating B. Riley BUY $9.00
2015-04-30 Reiterated Rating B. Riley Buy $9.00
2015-04-23 Reiterated Rating B. Riley Buy $9.00
2015-03-02 Reiterated Rating B. Riley Buy $9.00
2015-02-23 Upgrade B. Riley Neutral to Buy $11.25
2014-10-22 Downgrade B. Riley Buy to Neutral $14.25 to $11.25
2014-07-17 Lower Price Target B. Riley Buy $16.25
2014-04-24 Downgrade Noble Financial Buy to Hold
2014-03-10 Downgrade Sidoti Buy to Neutral
2013-10-01 Upgrade B. Riley Neutral to Buy
2016-05-02 Reiterated Rating B. Riley Buy $5.75
2016-04-27 Reiterated Rating B. Riley Buy $5.75
2016-02-27 Reiterated Rating B. Riley Buy $5.75
2016-02-22 Reiterated Rating B. Riley Buy $8.50
2015-11-11 Reiterated Rating Barrington Research Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BOLDT JAMES R Chief Executive Officer 3.08%  (566998) CTG / FNFG / SSS /
CRUMLISH ARTHUR W Senior Vice President 1.71%  (314751) CTG /
Bleustein Cliff President & CEO 1.16%  (214302) CTG /
SULLIVAN DANIEL J 1.13%  (207430) CTG / PIKE / SNDR /
Colson Michael J Senior Vice President 1.03%  (189753) CTG /
GYDE FILIP J L Sr. Vice President 0.86%  (157975) CTG /
Harrington Brendan M Sr VP & CFO 0.73%  (133917) CTG /
RADETICH PETER P Senior Vice President 0.72%  (132916) CTG /
Laubacker John M Chief Financial Officer & SVP 0.61%  (112062) CTG /
Baker Thomas E 0.47%  (86666) CTG / FNFG /
Klein David H 0.39%  (72131) CTG /
CLARK RANDALL L 0.35%  (64466) CTG / TAYD /
Helvey III James R 0.32%  (58282) CTG /
Rahmani Valerie 0.31%  (57614) CTG / RNR /
McGuire William D. 0.31%  (57166) CTG /
Hamilton Alfred Vice President 0.26%  (47689) CTG /
SULLIVAN OWEN J 0.20%  (37380) CTG / JRN / MAN /
Reynolds Ted W Senior Vice President 0.13%  (24339) CTG /

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